jveretto
Bronze Member
I just say this article. Nothing is done till I see it done but could be hope! Tea Party pushing hard against renewal of subsidy!
In June, the US Senate voted in favor of a deal to end a 45-cent-per-gallon subsidy for the ethanol industry, as well as a 54-cent-per-gallon ethanol tariff. Originally decried by Agriculture Secretary Tom Vilsack as a move that would cost American jobs, lead to less choice for consumers, and further dependence on foreign oil sources, the proposal is seen as progress by those who fear that using crops for fuel can destabilize the food and feed markets and lead to higher food prices. Additionally, with US ethanol production and profits reaching record levels, it is being suggested by many that the industry no longer needs support by a government program that costs the American taxpayers US$6 billion per year. With the ongoing heated debate about how to reduce the country’s deficit and slash the budget, the era of ethanol subsidies in the US is nearing the end.
In June, the US Senate voted in favor of a deal to end a 45-cent-per-gallon subsidy for the ethanol industry, as well as a 54-cent-per-gallon ethanol tariff. Originally decried by Agriculture Secretary Tom Vilsack as a move that would cost American jobs, lead to less choice for consumers, and further dependence on foreign oil sources, the proposal is seen as progress by those who fear that using crops for fuel can destabilize the food and feed markets and lead to higher food prices. Additionally, with US ethanol production and profits reaching record levels, it is being suggested by many that the industry no longer needs support by a government program that costs the American taxpayers US$6 billion per year. With the ongoing heated debate about how to reduce the country’s deficit and slash the budget, the era of ethanol subsidies in the US is nearing the end.